Morgan Stanley: Airbnb’s Threat to Hotels Is Only Getting Sharper
Nov 14, 2016, Bloomberg, The survey, in which more than 4,000 consumers from the U.S., U.K., France and Germany participated, was meant to gauge not only the growth of Airbnb but also the biggest sources of demand for the service. There is a variety of opinions on whether Airbnb is more of a threat to hotels or to online travel companies like The Priceline Group Inc., and Morgan Stanley is now of the mind that hotels are going to take the bigger hit.
New Data Suggests Airbnb’s Impact on Hotels Is Less Than Perceived
Oct 12 2016, STR used data provided by Airbnb for seven U.S. markets (Boston, Los Angeles, Miami, New Orleans, San Francisco, Seattle, Washington, D.C.) and six international markets (Barcelona, London, Mexico City, Paris, Sydney, and Tokyo) from the period between August 2015 to July 2016.
Airbnb’s revenue soars 89 percent
Sept 01 2016, The data comes from a report from e-commerce analytics firm Slice intelligence, which gathers its data from e-receipts. Slice does not disclose revenue figures, only revenue growth.
The Impact of AirBnb on Hotel and Hospitality Industry
Mar 07 2016, The emergence of multi-sided technology platforms, collectively known as the “sharing economy”, has enabled individuals to collaboratively make use of under-utilized inventory via fee-based sharing. Consumers have so far enthusiastically adopted the services offered by firms such as Airbnb, Uber, Lyft and TaskRabbit.
New study confirms Airbnb’s negative impact on hotel industry